Comprehensive Problem Essay Example for Free

Comprehensive Problem Essay Dr. Harold Wolf of Medical Research Corporation (MRC) discovered a unique electronic stimulator that is said to have the capability of reducing the pain from arthritis. Even though the Federal Drug Administration (FDA) still has to approve the device, and the testing is in the early stages, the interest generated is powerful. Dr. Wolf has received three offers from interested parties and needs to decide which offer would make the most business sense. Offer One includes additional monetary incentives depending on the success of the device, Offer Two proposes a percentage of profits that would increase as sales are expected to increase and the final offer is the setup of a trust fund in an annuity over the next eight years. For discussion purposes here, each offer will be calculated to find the present value and then summarized; the offer with the highest present value will be identified for Dr. Wolf to review. Offer OneIn this offer, Dr. Wolf is expecting a future value of $4,200,000 in 15 years at a 10% interest rate, in which the probability of the expected future value is 70%. The numbers used in getting the future value is to add the present values of $1,000,000, $200,000, and $3,000,000. The present value for the first offer is $1,005,446.61 which is an increase of $3,194,553.40 for the future and since this calculation has a 70% probability of happening, the first offer would be a good decision. See the calculations below:FV=1,000,000 + 200,000 + 3,000,000 =$4,200,000N =15I =10%PV=$8,974,419.42Offer TwoIn this offer, 30% of the buyers gross profit on the product for the next four years is the incentive Dr. Wolf must decide on. Zbay Pharmaceuticals would be the buyer whose gross profit margin was 60%. If offer two were accepted by Dr. Wolf, his future value after just four years would have amassed approximately $3,138,300. This value assumes that he did not withdraw his profits and let the balance sit and gain 10% interest on the balance of the money and that sales grew by 40% in each of the subsequent years as anticipated by Zbay. Waiting till the fourth year to withdraw funds allowed the unused balance to compound interest payments. In general, this would be a good decision for the Dr. to accept, even considering the tax consequence that he would assume at the end of the four years. With the product not being approved by the FDA, Zbay Pharmaceutical has assumed all the risk which makes the offer even more lucrative. PV:2,000,000 the first year and 40% Growth each additionalFV: $5,488,000N: 4 yearsPV Profits: $360,000 year times 10%interest ($396,000)I: 10%FV Profits: $3,138,300Offer ThreeFor Offer three, Dr. Wolf may opt for a trust fund over the next eight years. Once that period was over, he would receive the proceeds discounted back to the present at 10%. At that time, he would receive semi-annual payments in the amount of $400,000 per year beginning immediately in an annuity due. This may be a worthwhile option to consider depending on the future business plan Dr. Wolf has. This would make the present value $1,721,216. The chart is shown below. Periods: 12 3 4 5 67 8$400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000Present Value (PV) = $1,721,216Highest Present Value and ReasoningPresent value is the value on a specific date of a payment or payments in the future that have been calculated to show the time value of money as well as other factors. These calculations are used industry wide as a method of the comparison of cash flows at different intervals over the life of the project. The basic present value formula is: PV=FV∙PVIF(r, n). The formula for an annuity is similar: PV=PMT∙PVIFA(r, n). In that case, n=number of periods, r=interest rate in the period, PV=present value at the beginning and FV=future value at time n. There are many financial arrangements that are set up with structured payment schedules and the term annuity is used to refer to that set up. A stream of cash flow that has a limited number of payments periodically that are to be received at given times is an annuity. If the payments were to be received indefinitely, then it would be perpetuity (Block, 2005). Based on this information, Offer I has the highest present value at $8,974,419.42At first glance, it is difficult to determine which offer might be the most beneficial offer for Dr. Wolf to choose. The first offer includes additional incentives relating to the success of the device, the second offer a percentage of profits also relating to the success of the device, while the third is an annuity in trust over the next eight years. Offer One has a present value of $8,974,419.42, Offer Two has a total present value of $2,524,713 and Offer Three has a total present value of $1,721,216. Given that Offer One of Dr. Wolf expecting a future value of $4,200,000 in 15 years at a 10% interest  rate, in which the probability of the expected future value is 70%, this would be the most advantageous offer for him to accept. References: Block, Stanley B., Hirt, Geoffrey A., Foundations of Financial Management (11th ed.),Irwin/McGraw-Hill, 2005, Burr Ridge, IL.

Maya Angelou :: essays research papers

Collective Soul and Maya Angelou Collective Soul, a 90’s based rock band, and the famously known poet Maya Angelou, have a statement to make on their thoughts and feelings. They are expressed in two different forms of poetry. Maya Angelou express them in contemporary poetry, while the rock group Collective Soul adds rhythm and a impressive beat to their lyrics. Both of these forms of poetry are very strong at getting their point across to their audience that is very attracted to their work. Both Maya Angelou and Collective Soul share the hardships and oppression that has been bestowed upon their life’s, and other human beings. Maya Angelou’s poem Still I Rise and Collective Soul’s song December, show the effects on an individual through positive and negative means of expression.   Ã‚  Ã‚  Ã‚  Ã‚   Maya Angelou and Collective Soul’s poetry are similar in some ways when broken down correctly. Collective Soul writes “ why drink the water from my hand? Contagious as you think I am'; reflects the same ideas that Maya Angelou shares when She says, “Does my sassiness upset you? Why are you beset with gloom'; These two parts of their writings are asking a similar question. Why do you choose to seclude me from you’re world am I something you wouldn’t expect from another human? “Don’t scream about don’t think aloud turn your head now baby just spit me out don’t worry about don’t speak of doubt turn your head now baby just spit me out.'; This is a complex way saying why is you disrespected me because you can’t stand the way that I am. Just walk all over me treat me different act as if I’m a piece of crap. What good does it do for you by bringing me down? I think this is the question Collective soul is asking the person or group of people who are setting out to bring him down. Maya Angelou asks a similar question when she writes, “Does my haughtiness offend you?'; “Don’t you take it awful hard cause I laugh like I’ve got diamonds at the meeting of my thighs.'; This question is being asked to her opponent that chooses to treat her differently just like what collective Soul is asking in their song. In my opinion they are asking their enemies, why do you do this to me? What have I done to make you so awful mad, that you go out of your way to bring me down?

Need and New Faces

SPEECH OF WELCOME Ladies and Gentlemen, Good Afternoon and welcome to the Universidad de Zamboanga, School of Criminal Justice. It is both an honor and a privilege to stand before you, specially the new comers, today and welcome you to this amazing institution. I would like to raise a toast to all the new faces in here. New faces that we don’t know till now but would wish to know. The same new faces that once belonged to us an year ago. The same new faces that, over a short period of time, will no more be, ‘NEW’ faces.Well, I speak on behalf of all the second year students here. Just a few lines of how we all feel at this juncture. Here I go. Newness or novelty has been intriguing and fascinating to man since the Neanderthal times. Novelty for us is excitement and exuberance, surprise and science, cheerfulness and joy, hope and happiness, boldness and buoyancy, positive ness and passion. But men as we all are, novelty to us also means risk, unfamiliarity, uncertai nty, fear, doubt and disturbance.In the same token, the old and the established stands for ‘the familiar and comfortable’, ‘knowledgeable and therefore able’, ‘mature and therefore trustworthy’,‘rugged and therefore reliable. ’ But all this goes with accusations of ‘stagnation and staleness’,‘out-of-date and outmoded ness’ and ‘the slow and the stumped’. What I wish to express using all the ‘adjectives’ that I used is that these new faces in here, our juniors for the coming year, represent to us the same hope and challenge as new players in a cricket team or new twists in a good story.And we, as seniors,should ideally be the matured bunch, a bunch of guys and gals they could trust and depend upon. Together, we can make a terrific team. So, I, on behalf of all the ‘old’ faces here, welcome the new faces with open hands, open minds and above all, OPEN HEARTS. Thank You. COMMENCEMENT SPEECH Good morning faculty, families and class of Two Thousand Twelve. I am honored to be here speaking to all of you today. I want to begin with a quote from Winston Churchill from a commencement speech he gave to his prep school in 1941, â€Å"Never give in.Never give in. Never, never, never, never–in nothing, great or small, large or petty–never give in, except to convictions of honor and good sense. Never yield to force. Never yield to the apparently overwhelming might of the enemy† (Churchill, 1941) I know that quote is timeless because here I am repeating it in two thousand twelve, and why you may ask†¦because it is very relevant to my story. Many years ago when I began this journey I had a friend, told me that I would never be able to accomplish a college degree.Although my journey has taken longer than anticipated I proved that friend wrong, and maybe many other’s that were not as candid. I also proved something to myself with hard work, determination, and grit anything can be accomplished. Because life throws so many obstacles and distractions in our paths on a daily basis, it is essential to have supportive and knowledgeable people to go to when needed. The advisers helped guide and encourage me to finish what I started, and fulfill the dreams I had for myself.I cannot begin to properly thank not only my school family that cheered me on when I passed math class, my church family who always had kind words to say to me to help keep me strong when the storm rose up and made me weary, and my family-family who accepted the long hours in front of the computer when I had to complete research, write a paper, or read the endless text books that helped me get here today. I want to be a testament to what can be accomplished when one person believes they can achieve what others do not think is possible.Class of two thousand twelve, do not let people tell you who you are and what you can do, do not let people decide what you are capable of. In 2005 during a commencement speech, Steve Jobs said, â€Å"figure out what you love and do it, do not settle† (Jobs, 2005). I encourage my fellow class mates to take that challenge, do what you love and do not settle. The education that we received during our years at Universidad de Zamboanga have prepared each of us to be diligent, creative, innovative, and successful.I want to leave you with a quote from former ESPN sportscaster, Brian Kenny, â€Å"There is no there. That is elusive, â€Å"there† with the job, the beach house, the dream, it’s not out there. There is here. It’s in you†¦right now† (Kenny, 2007) Don’t waste the life that God gave you, we are his masterpiece, and we can be anything we aspire to be. Thank you. ACCEPTANCE SPEECH Thank you everybody. Thank you dad, my brothers, family, friends and to those who are home watching, thank you so much, and to everyone who voted for me.There really is n othing more important to me than striving to be a good human being. So, to be here tonight and be acknowledged as the first to receive this honor is beyond expression in words for me. This award of being a Filipino from the Within is the recognition of my achievements and you can only imagine how important it is to me. My life, as you all know begun from nothing. I grew up at a far farm in Leyte. My parents held hands in cultivating every inch of soil we have just to earn a little amount of money.When I reached six years old, we moved to the city and it was the beginning of my education. It was once difficult, not knowing where to go and at an early age being independent, no one to baby sit me or be my chaperon at school. Time went so fast and as I grew older, there was this little feeling of pity for my co-citizens. The guy on the street, the woman in the classroom, the Muslim, the Protestant, the Catholic, the Visaya, the tausug, the gay, the straight, you, me—we all just w ant to know that we matter. We want validation. We want the same things.We want safety and we want to live a long life. We want to find somebody to love. Filipinos, thank you. We want to find somebody to laugh with and have the power and the place to cry with when necessary. The greatest pain in life is to be invisible. What I've learned is that we all just want to be heard. And I thank all the people who continue to let me hear your stories, and by sharing your stories, you let other people see themselves and for a moment, glimpse the power to change and the power to triumph. Maya Angelou said, ‘When you learn, teach.When you get, give. ‘ I want you to know that this award to me means that I will continue to strive to give back to the world what it has given to me, so that I might even be more worthy of tonight's honor. Thank you. CAMPAIGN SPEECH Ladies and gentleman. Our country has come to a  crossroad, and now you have the power to change the political landscape of the Philippines. As I have said time and time again, if you elect me to be your face in congress, there are several things I will do to  ensure  that your needs are met day in and day out across this land.First of all, I plan on proposing new legislation that will invest more tax peso in our public schools, not only to meet the needs of today, but to encourage developing minds for the future. Such new funding would be used to hire and  retain  good teachers, build and  renovate  new schools, and give great tax breaks to classroom teachers. To accomplish this, I am proposing no new taxes increases, but rather arechanneling  of our existing tax  revenue  to meet these demands. Now, theincumbent  and his staff have been talking about this for years with little progress.I plan to change all of this now. Second, economic development is on the minds of most of you, particularly with regard to our downtown area. For many years, economic prosperity has beenneglected   by current government leaders, and I plan to change all of that. I am proposing a city center  revitalization  project that would promote new businesses, new residential areas, and new open green areas to bring people back to the heart of our city. Current leaders have allowed the new city to die, preferring to invest in sport arenas in the  outlying  areas.And third, I am proposing the construction of a  light rail  train system, to be built over the next decade, to meet the growing demands of better and more efficient transportation for years to come. My opponent and his administration have lacked the vision of long-term solutions, preferring to take a look and see approach. Such a short sighted  stance  fails to consider the needs of future generations . . . our children and our grandchildren. My generation doesn't want to be remembered for a road we build today, but for a more visionary transportation system for our future.And finally, my opponent has  cited  my inexperience as a reason why you shouldn't vote for me. However, I am not a career politician who has lost touch with the everyday needs and concerns of day-to-day people. My work as an educator and business owner has given me a unique perspective on the pains and challenges you face. If elected, I promise to give my all to my elected position and make sure your issues and concerns are fully  addressed  at the local and national level. Thank you

St. Patricks Day Creative Writing Prompts and Other March Ideas

Even though the first day of Spring occurs in March, it often still feels like winter in many parts of the country. The following writing prompts for each day of the month can be a great way to incorporate writing in the form of warm-ups or  journal entries. Feel free to use and modify these as you see fit. March Holidays Womens History MonthNational Craft MonthAmerican Red Cross MonthNational Nutrition MonthIrish-American Heritage Month Writing Prompt Ideas for March March 1 - Theme: Peanut Butter Lovers DayChunky or smooth? With or without jelly? How do you like your peanut butter, if you like it at all? In a few sentences, describe the experience of eating peanut butter without an accompanying drink. If you have never tasted peanut butter, then instead describe the experience of eating saltines without the benefit of a drink.March 2 - Theme:  Dr. SeussWhich is your favorite Dr. Seuss book? Why?March 3 - Theme: Alexander Graham Bells BirthdayHow would your life be different without the invention of the telephone?March 4 - Theme: Womens History MonthDescribe the most courageous woman you know. This can either be someone you have met or someone you have read about.March 5 - Theme:  Boston Massacre  and PropagandaPaul Reveres engraving of the Boston Massacre was an extraordinary piece of propaganda. Explain why should we be wary of eyewitness accounts of major news stories?March 6 - Theme:  Oreo CookiesWhat is your favorite way to eat an Or eo cookie? Do you separate them, dunk them, pop them whole in your mouth, or avoid them altogether? Explain why you answered as you did.March 7 - Theme: World Maths DayWorld Maths Day is the first Wednesday in March. What is your opinion about math? Do you like the subject or is it one you struggle with? Explain your answer.March 8 - Theme: National Craft MonthDo you consider yourself a crafty or artistic person? If so, whats your favorite type of craft? If not, why?March 9 - Theme: Barbies BirthdayIs Barbie a good role model for girls? Why or why not?March 10 - Theme: Genealogy DayDo you have an interest in learning about your familys heritage? Why or why not?March 11 - Theme: First Basketball GameWhat are your thoughts on basketball as a sport? Is it one you follow or one you dont care about at all? Explain your answer.March 12 - Theme: Role of the US President (Date of FDRs first fireside chat)During the Great Depression, Franklin D. Roosevelt took to giving fireside chats as a w ay to help Americans connect with the presidency and the government. Today, whenever a national disaster or event of great significance occurs, the president makes a statement or gives a speech. In your opinion, how important is this for you as an American citizen? Explain your answer.March 13 - Theme: Uncle SamWhat do you think of Uncle Sam as a symbol of the United States? Do you think it serves a purpose to have a fictional character such as this as a symbol? Explain your answer.March 14 - Theme: Albert Einsteins Birthday and Pi DayAlbert Einstein  said, We cant solve problems by using the same kind of thinking we used when we created them. What do you think he meant by this statement? Do you agree with it?March 15 - Theme: Ides of March The tale of Julius Caesars warning to beware the ides of March  and his impending assassination was dramatized by William Shakespeare. What is your opinion of Shakespeares plays? Do you find them entertaining, confusing, or something else alt ogether? Explain why you have this opinion.March 16 - Theme: Freedom of Information DayDo you think that the government should share more information, even if it is possibly damaging to the presidency and Congress? Explain your answer.March 17 - Theme: St. Patricks DayWhat do you think of St. Patricks Day? Do you celebrate St. Patricks Day by wearing green? Do you have any ancestors from Ireland? If you dont celebrate it, why not?March 18 - Theme: Johnny Appleseed DayWhat is your favorite tall tale from Americas past? Examples of tall tales include Johnny Appleseed, Pecos Bill, and Paul Bunyan.March 19 - Theme: National Nutrition MonthWhat is your opinion of vegetables? Do you like eating them? What are your favorite vegetables? Why?March 20 - Theme: First Day of SpringWrite a short piece of prose or poetry about spring. Make sure to appeal to all five senses in your writing.March 21 - Theme: World Poetry DayGive your thoughts about poetry. Do you like to read it, write it or avoid it? Explain your answer.March 22 - Theme:  Artifical IntelligenceTechnology moves rapidly. We must consider the impact of artificial intelligence. What do you think are the benefits or concerns of artificial intelligence (AI) for the future of the world?March 23 - Theme: Patrick Henry and Liberty SpeechOn March 23, 1775, Patrick Henry made his famous speech that included the line, Give me liberty or give me death. Which of the freedoms that the US Constitution and Bill of Rights provide for do you feel is the most important for preserving personal liberty?March 24 - Theme: Harry Houdinis BirthdayWhat do you think of magicians? Have you ever seen one perform? Describe that experience. If not, explain why you think people are so fascinated by magic shows.March 25 - Theme: National Waffle DayWhat is your favorite breakfast food? What do you like about it?March 26 - Theme: Make Up Your Own Holiday DayIf you were to create a holiday celebrating anything, what would it be? How would the celebrations include? Have fun and provide details.March 27 - Theme: Volunteering (American Red Cross Month)Explain what you believe the benefits of volunteering your time and talents would be to an organization of your choice.March 28 - Theme: Respect Your Cat DayWhich is the better pet? A cat or a dog? Maybe another pet? Or maybe no pet at all?March 29 - Theme: Coca-Cola InventedSome cities have tried to regulate the size of sodas sold for consumption. Do you think there should be laws to tell you what you can and cannot drink or eat in this manner? Defend your answer.March 30 - Theme: Game Shows (Jeopardy Premiered on NBC)If you were to appear on a television game show, which would it be? Why?March 31 - Theme: Summer PlansWrite a poem or a short piece of prose about your summer plans. Bonus: St. Patricks Themed Creative Writing Topics Here is a list of teacher-tested creative writing topics to use with your St. Patricks Day theme.   I found a pot of gold. What would you do if you came across a pot of gold?I found a four-leaf clover. What would you do if you found a found a four-leaf clover?Dear Leprechaun†¦ Write a letter to a leprechaun, tell him about yourself, and ask him any questions you may have.Do you have a good luck charm? Describe your lucky keepsake and how it brings you luck.The legend of the lucky leprechaun. Create a story about the lucky leprechaun.At the end of the rainbow, I found a†¦ Describe what you saw when you got to the end of the rainbow.What is your favorite lucky number? Why do you feel this number is lucky for you?A leprechaun visits your school and gives you a magical item. What is it? What happens to you when you touch it?What does your family do for St. Patricks Day? Do you eat anything special? Describe your family traditions.What would you do if you woke up and found that everything that you touched turned to green? Describe how you would feel and what everyone would say when they saw what you could do.If you could trap a leprechaun, how would you catch him? What would you do with him once you caught him? Would you let him go? Would you keep him?I feel lucky because†¦ Describe why you feel lucky.If a leprechaun gave you three wishes, what would they be?Once I gave a four leaf clover to my friend and they†¦ Describe what happened after your friend received a four leaf clover.I once had shamrock shoes and†¦ Describe what happened to you. Where did you get them? Were they magical shoes?Describe a typical day as a leprechaun. Pretend you are a leprechaun and describe all the things that you encounter.On your way to school, you see a rainbow and its close enough for you to touch. Describe what happens when you touch it. Do you go to another world? What happens?On your way to school, you see a leprechaun and he gives you a magical shamrock shake to drink. What happens to you when you drink it?Leaping Leprechauns --  My leprechaun lost hi s magical powers! Describe how it happened and what you did about it.How to catch a leprechaun. Describe step-by-step how you plan to catch a leprechaun.